To be honest, after $GIGGLE this time broke below short-term support, selling pressure clearly accelerated. I’ve observed several rounds of rebounds—each time it reaches the previous low area, it gets knocked back down, which shows that the bulls really don’t dare to take it. Under this kind of structure, the short side arrangement has already taken shape. I tend to continue setting up short positions when the rebound lacks strength.
Volume is also cooperating with the decline—there are no signs of a stop to the sell-off on decreasing volume, so there’s no need to rush to catch the falling knife. As long as the price remains below key resistance, I’ll keep a bearish bias and wait for it to move down again.
🔴 Trade direction: Short
📍 Entry range: 24.20 – 24.35
🛑 Stop loss: 24.53
🎯 Take profit 1: 24.00
🎯 Take profit 2: 23.75
🎯 Take profit 3: 23.53
#GIGGLE
Click below to trade👇👇👇
Volume is also cooperating with the decline—there are no signs of a stop to the sell-off on decreasing volume, so there’s no need to rush to catch the falling knife. As long as the price remains below key resistance, I’ll keep a bearish bias and wait for it to move down again.
🔴 Trade direction: Short
📍 Entry range: 24.20 – 24.35
🛑 Stop loss: 24.53
🎯 Take profit 1: 24.00
🎯 Take profit 2: 23.75
🎯 Take profit 3: 23.53
#GIGGLE
Click below to trade👇👇👇